Crypto Liquidations Near $1 Billion as Ether's Tally Tops Bitcoin's

Crypto liquidations neared $1 billion in 24 hours, with $283.1 million in Ether liquidations and $196 million in Bitcoin. Longs accounted for 91.6% of all positions liquidated, reflecting a sharp market downturn. The heavy long liquidation suggests traders were caught off guard by the price drop, amplifying selling pressure across major assets.